The U.S. Patent Office has issued a third patent to Tim Goux, CEO of CareRise, a risk management company based in Mandeville, La. The patent further protects the company’s business method to reduce insurance claims and losses at healthcare facilities nationwide.
This latest patent explicitly states that this business method is not limited to any particular entity or class of entities.
CareRise provides services to skilled-nursing and post-acute facilities, assisted and independent living facilities, and specialty hospitals through strategic partnerships. The patented CareRise business method uses a proprietary web-based system and real-time data collected to isolate potential risk and track improvement. According to the company, its risk managers, all of whom have nursing degrees, visit insured facilities to evaluate up to 500 risk factors such as fall prevention, wound care, documentation, environmental security and contingency planning.
The company says that facilities using the CareRise method have demonstrated a 74 percent better result in loss cost per bed when compared to national averages.
Currently, CareRise is providing services to clients in 134 cities and 24 states.
CareRise said it will soon launch its next generation of its web-based technology, CareRise 5.0.
The program is available through insurance brokers nationwide.
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